Investor Presentaiton
Strong Leasing Activity with Positive Spreads and High
Occupancy Rates
GLA Progression vs. Average Footfall
Occupancy Rates vs. WALT
GLA (sqm 000s)
Footfall (mn)
WALT (years)
LFL Occupancy (%)
109
109
96
1,070
1,075
1,086
Total GLA increased 1%
y-o-y to 1.086 million
sqm, while average
footfall remained stable
at 109 million visitors.
Year-End Occupancy (%)
Year-end occupancy
across all malls
increased to 93.4% as
94.3%
90.8%
92.6%
93.4%
5.4
5.2
4.9
of FY2019, while like-
for-like occupancy rate
improved two
percentage points to
94.3%.
FY17
FY18
FY19
FY17
FY18
FY19
Number of Leases Renewed
The Company renewed
Revenue by Tenant Type
Leases Renewed
1,577
1,408
a total of 1,183 leases,
with a positive releasing
spread and c.90% of
leases expiring in
calendar year 2019
External Tenants (SAR mn) Internal Tenants (SAR mn)
2,144
2,161
2,176
1,183
already renewed. The
average rental rate per
1,652
1,680
1,695
square meter increased
to SAR 1,985 in FY2019
from SAR 1,961 in
FY2018.
492
481
481
FY17
FY18
FY19
FY17
FY18
FY19
Arabian Centres Company. Investor Presentation
ACC maintained a good
tenant mix, with
internal tenants
constituting c.22% of
net rental revenue.
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